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In Order To Avoid The Fate Of "ST", The United States Will Sell The Subsidiary To Turn The Corner.

2016/12/25 13:04:00 45

Mei BangClothingFast Fashion

It lost 431 million yuan in 2015. Smith Barney Shares have been substantially adjusted this year, and various attempts have been made to carry out Internet transformation, but up to now, the results have not yet been improved. From January 2016 to September, the company achieved an operating income of 4 billion 711 million yuan and a net profit of -1.54 billion yuan.

 Smith Barney

In 2015 and the first three quarters of this year, the US shares, which had suffered a great loss, were seeking to sell their subsidiaries to turn the corner to avoid the fate of "ST".

In November 22nd, the United States announced that the United States shares Shanghai Limited by Share Ltd and Shanghai Cambridge Industrial Development (Group) Co., Ltd. in November 19, 2016 signed a share transfer agreement, the company holds the 100% stake in Metersbonwe Metersbonwe Development Co., Ltd. transferred to Cambridge industry, the transfer price of about 983 million yuan.

Prior to this, Smith Barney shares announced in October 9th that it intends to sell 100% stake held by Mdt InfoTech Ltd in Shanghai. According to the announcement, as of December 31, 2015, Hua Bang Ke total assets of 149 million yuan, net assets of 73 million 183 thousand and 300 yuan. The announcement revealed that in 2015, Hua Bang Ke had a revenue of 90 million 856 thousand and 300 yuan and a net profit of 31 million 609 thousand yuan.

In November 25th, the announcement of the sale of assets by the US state bond company in November 25th revealed that the US bond (002269, stock bar) decided to terminate the plan to sell the 100% stake held by Mdt InfoTech Ltd in China. The other transfer transaction involving 983 million yuan has been considered and approved by the fourth provisional shareholders' meeting in 2016.

In 2015, the US shares, which lost 431 million yuan, have been substantially adjusted this year, and continue to try various attempts to transform the Internet. But up to now, the effect of improving the performance is not obvious. The first three quarters of the performance report shows that from January 2016 to September, the United States shares achieved 4 billion 711 million yuan in operating income and a net profit of -1.54 billion yuan.

In 2 months, two targets were thrown.

In the three quarter report of 2016, Smith Barney made an estimate of its operating performance in 2016. Mei Bang shares will actively return to the main business development, the main business revenue to reverse the downward trend. At the same time, the sale of some non main business assets is expected to have a positive impact on the annual performance.

According to the world clothing shoes and hat net, the Shanghai Metersbonwe Enterprise Development Co., Ltd. is mainly engaged in warehousing business, and the main lessee is the United States. After the completion of the transaction, the two sides will continue to cooperate in logistics and warehousing. The United States said that the transaction "meets the strategic needs of the company's focus on the main industry, which is conducive to revitalize the stock assets, improve the efficiency of asset utilization, promote effective allocation of company resources, and further promote the stable development of the core business of the company".

According to the world clothing and shoe net, as of September 30, 2016, the target assets were 461 million yuan, and the target income in the first three quarters of 2016 was 38 million 602 thousand and 300 yuan, with a net profit of 15 million 49 thousand yuan.

Previously, the announcement of the US bond announcement was intended to be the Mdt InfoTech Ltd of Shanghai, China. After selecting the newly sold Shanghai Metersbonwe Enterprise Development Co., Ltd., the company announced in November 25th that it decided to terminate the plan to sell and sell the 100% stake in Shanghai Hua Bang Ke Mdt InfoTech Ltd.

According to the world clothing and shoe net, Smith Barney actively seeks to sell subsidiaries, which is related to the loss of company performance in 2015 and this year. If the 2016 performance can not turn a profit, the US bond will face the risk of being "ST".

According to the world clothing and shoe net, in 2015, the company's operating income decreased by 4.92% compared to the same period last year, reaching 6 billion 294 million yuan, with a 396% decline in profits and a loss of 431 million yuan. This is the first time that the US bond market has suffered losses in seven years.

Founded in 1995, Mei Bang clothing and Accessories Co., Ltd. relied on the light asset model of "self design + production OEM". In the past 6 years, the sales revenue has increased 60 times by using the way of affiliate marketing. From 1990s to 2010, the United States has achieved an average annual growth rate of 30%. In 2008, the United States shares landed in the small and medium sized board of Shenzhen Stock Exchange. In the same year, founder Zhou Chengjian and his family ranked fifth in the Forbes China rich list with 2 billion US dollars (about 13 billion 111 million yuan) assets, and won the mainland of China two times in 2009 and 2010. clothing The richest man in the industry. In 2011, the state's apparel reached its peak. In the year, it achieved 9 billion 945 million yuan in revenue and a net profit of 1 billion 206 million yuan.

Since then, the United States and most of the mainland garment brand enterprises have encountered business and foreign " Fast fashion "The impact of the brand, high inventory, performance continued to decline. Reporters combed found that starting in 2012, the United States and apparel business income fell for 4 consecutive years, respectively, 9 billion 509 million yuan, 7 billion 889 million yuan, 6 billion 620 million yuan, 6 billion 295 million yuan. Corresponding to the decline in operating income, from 2012 to 2015, the net profit of Smith Barney clothing was 850 million yuan, 405 million yuan, 146 million yuan and -4.32 billion yuan respectively.

According to the world's clothing and shoe net, the latest financial report shows that from January 2016 to September, the United States shares reached 4 billion 711 million yuan in operating income and net profit of -1.54 billion yuan.

{page_break} Insider trading scandal involving stocks

The main business did not improve, the U.S. bond shares, earlier this year due to involvement in the stock insider trading, suffered a crisis of confidence in the capital market.

In November 1, 2015, Xu Xiang, the representative and general manager of Zai Xi's legal representative, was arrested for obtaining insider information, engaging in insider trading and manipulating stock trading prices through illegal means.

In January 7th this year, the US bond clothing announcement announced that Chairman Zhou Chengjian and Dong Mi Tu Ke lost contact. At that time, it was widely believed that "lost contact" was related to Xu Xiang. Xu Xiang took charge of zhe Xi Zi management in the United States to build the first private bank in the free trade area, and increased its position to the third largest shareholder. Chai hee moved to the US capital and earned 450 million yuan from the United States for half a year.

In January 15th, Zhou Chengjian resumed contact with Tu Ke and performed his duties normally.

By the eve of Xu Xiang's trial, in November 21st, the US bond dress announced that the founder and chairman of the company and President Zhou Chengjian had resigned. Hu Jiajia, who is just 30 years old, will take over as chairman and CEO of the company. Hu Zhoubin, 28, will be assistant to President of William, Wei Song, vice president of the company. Meanwhile, Tu Ke resigned his duties as director and chief financial officer of the board because of the reasons for his work arrangement.

The company said to the outside world, "this is the normal two generation succession", but the outside world interpreted it as more. Zhou Chengjian resigned early in order to avoid the involvement of the listed company in the "Xu Xiang case".

According to the accusation of Xu Xiang's trial in from December 5th to 6th, between 2010 and 2015, defendant Xu Xiang alone or with the defendants Wang Wei and Yong Yong collusion with the thirteen directors of listed companies and the actual controller (handled separately), manipulated the trading price and trading volume of listed companies through a series of means, and benefited from the high stock price. According to relevant information, Mei Bang dress is one of the thirteen companies mentioned above.

Outside analysis, the incident, or will damage the image of Smith Barney's clothing in the capital market, will further impede the future financing of the United States in the capital market, and then affect the transformation business of the US state which needs a lot of capital transfusion.

The effect of Internet transformation is very small.

Since 2012, the United States has been trying to transform costumes. In terms of channel, Smith Barney began to adjust its franchised business strategy to cope with high inventory pressure. Reporters interviewed the company's annual financial reports, found that in 2013, the United States has nearly 5000 stores in the country, by 2015, the store has been reduced to more than 3700. At the same time, Smith Barney opened more outlets in major business circles.

However, from the current inventory data, the pressure on the inventory after adjusting the channel has not been reduced. According to the 2016 semi annual report, in the first half of 2016, the loss of us barrack clothing inventory dropped to 118 million yuan, an increase of about 68% compared with the same period last year, and the number of days of inventory turnover rose from 149 days in the same period last year to 185.26 days in 2016.

In addition, the United States will place greater hopes on the Internet terminals. Since the launch of BPN failed to achieve real results, the United States has launched the "fan" APP on the 20th anniversary celebration in 2015, and invested heavily in product development and marketing. According to previous media reports, "fan" APP naming the first season "wonderful flower" cost is 50 million yuan, and the third quarter "wonderful flower" said that the amount of investment has exceeded 300 million yuan. In the first two quarters, the naming merchant "fan" APP will still be named for the third quarter, but the naming fee will increase significantly.

According to the United States previously said, "fan" APP downloads increased from 5 million in the second quarter to 9 million, and active users were around 300 thousand. But with the same type of Internet products, mogujie.com and beauty are very different. The data released by mogujie.com in 2015 indicated that users had accumulated more than 85 million, with 35 million active users and a monthly sales volume of about 48 million dollars. In 2013, the statistics showed that registered users had exceeded 35 million and active users exceeded 3 million 500 thousand.

The capital market does not seem to be optimistic about the transformation strategy and products of Smith bond. In July 2015, the United States and the State Council issued a public plan to raise the public funds, drawing up 9 billion yuan to raise funds, of which 6 billion yuan will be used for the construction of O2O all channel platform, and "fan" APP is an important investment target for the project.

However, 4 months later, the proposed fund-raising fund was reduced by 4 billion 800 million yuan, of which 1 billion 591 million yuan was used for the O2O full channel project. The US state's explanation for the increase is explained based on the comprehensive consideration of the capital market and the actual situation of the company itself. However, up to now, there has been no latest progress in the planned increase.

According to the information disclosed by the United States and the United States, this year, "fan" will focus on users, hoping to transform the actual revenue, and said that the United States and the Internet road is very firm, and will not be reduced because of poor performance. In terms of the status quo of the "fan" APP, the United States has mentioned in the semi annual report this year, "the company launched the fashion social networking + shopping platform," fan fan APP ", and through the title of the network entertainment program" wonderful flower ", so that the" fan "APP fame quickly improved, but did not disclose the revenue situation.

More interesting reports, please pay attention to the world clothing shoes and hats net.

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